MFIN rolled out its Associateship programme in January 2014. This was done with the understanding that stakeholders other than NBFC-MFIs who have a lasting bearing on the financial inclusion dialogue and are of immense value to the sector need to interact and work with each other to fuel the larger goal of financial inclusion. The Associates are a valuable part of MFIN’s construct and there is a constant dialogue with them at various forums including at the state and district levels. MFIN includes the following institutions in its Associateship programme – Banks, NBFCs, Housing Finance Companies, Insurance Companies, Business Correspondents, Private Equity Social Investors, Think Tanks and Foundations.

Associate Subscription Fee

  1. One time Application Fee ; INR 51,000
  2. Subscription fee Structure
Associate category Subscription Fee
Financial Institutions INR 5,00,000
Others INR 2,00,000
Not for Profit Entities INR 1,00,000

Shriram Life is a market leader in providing life insurance cover to mass and rural market segments mainly the “Aam Aadmi” and the micro finance segment. We are building new financial products and services through a multi stakeholder approach by associating with MFIN. As a member of MFIN, Shriram Life wants to be a part of the policy dialogue and action plan impacting the financial inclusion agenda and the sector. Thus we want to partner with MFIN members on our financial inclusion agenda

Manoj Kumar Jain, Managing Director, Shriram Life Insurance Co. Ltd.